When it comes to creating saving goals, we often think of big-ticket items such as saving for a down payment on a house, education, car, retirement, and emergencies. Saving for fun goals such as a vacation/travel or a concert may not always be front and center.
In a world where teens face so many challenges and opportunities, how can we help make sure they learn effective money management skills? To begin answering this question, it is essential to consider what socialization factors could influence teens’ financial knowledge.
In March, we celebrated and honored Women’s History Month on the Family Financial Feuds podcast! We discussed some of the myths about women and money. We also provided information on women’s longstanding and meaningful relationship with money.
To hear our conversation about women’s earnings, savings, and money management strategies. Listen on SoundCloud!
Did you know that approximately 20 million workers left their jobs between May and September 2021? Employment changes are one of the many examples of life transitions that affect people’s finances.
When I got my first credit card many years ago, I thought I was ready for all the responsibilities that came with managing this type of credit. Even though I did my due diligence to research the card company and believed I could afford to make my monthly payments, there were a lot of things I didn’t consider. I didn’t realize how having a balance close to my limit would affect my credit score. When I no longer wanted to have credit through that company, I also didn’t think through my rushed decision to close the card.